Zacks #1 Ranked Balanced Funds
By creating a diversified portfolio of both stocks and bonds, balanced funds ensure that they harness the inherent strengths of both classes of instruments. Most of the competently managed funds in this category keep the proportion of assets invested in different asset classes flexible and make adjustments in keeping with prevailing market conditions. This ensures that fixed-income securities protect the portfolio from losses during a downturn while equity securities harness maximum gains from a rising market.
Below we will share with you 5 top rated balanced mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all balanced funds, investors can click here to see the complete list of funds.
Mairs & Power Balanced (MAPOX) seeks capital appreciation along with current income at minimal risk. Investments are made with the objective of obtaining yield which is at least 25% higher than the S&P 500. Investments are parked in equity and fixed income securities. The balanced mutual fund returned 21.92% in the last one year period.
William B. Frels is the fund manager and has managed this balanced mutual fund since 1992.
Putnam Dynamic Asset Allocation A (PABAX) invests in equity and debt. 45% - 75% of assets are allocated to equity while 25% - 55% of assets are allocated to debt. Investments are made in equities of companies which domestic or foreign in nature. This balanced mutual fund returned 18.88% over the last one year period.
As of March 2013, this balanced mutual fund held 2,328 issues, with 4.44% of its total assets invested in Cgputql2 R Usl3m P 02/13/14 Ci.
Fidelity Puritan (FPURX) seeks income and capital appreciation. About 60% of its assets is invested in equity and common stock while the balance is invested in debt securities. Investments are made in both domestic and foreign companies. This balanced mutual fund returned 16.93% over the last one year period.
The balanced mutual fund has an expense ratio of 0.59% compared to a category average of 0.96%.
DWS Global Income Builder A (KTRAX) invests in securities irrespective of size, category or credit worthiness issued by any company in the globe. Investments are parked in three or more countries. A minimum of 40% of its assets are invested in securities issued by foreign companies. Fixed income senior securities attract investment of a minimum of 25%. The balanced mutual fund returned 16.72% over the last one year period.
Thomas J. Schuessler is the fund manager and has managed this balanced mutual fund since 2012.
T. Rowe Price Balanced (RPBAX) seeks capital appreciation along with current income. A minimum of 65% of its assets is invested in domestic and foreign companies while the balance is invested in fixed-income securities. More than 35% of assets can also be invested in securities issued by foreign companies. The balanced mutual fund returned 18.63% over the last one year period.
The balanced mutual fund has an expense ratio of 0.61% compared to a category average of 0.96%.
To view the Zacks Rank and past performance of all balanced mutual funds, investors can click here to see the complete list of funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
Read the analyst report on MAPOX
Read the analyst report on PABAX
Read the analyst report on FPURX
Read the analyst report on KTRAX
Read the analyst report on RPBAX
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